§ 18650 Exemptions For Commissioner Approval

Financial Code·California

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Key Takeaways

•This law does not apply to certain special deals involving California industrial loan companies.
•If a deal needs approval from the commissioner under Section 18138, this law doesn’t cover it.
•If a sale or merger needs approval under Division 1.5 (starting at Section 4800), this law doesn’t apply.

Example

A big company wants to buy a small loan company in California.

If the deal needs the commissioner’s approval under special rules (like Section 18138), this law doesn’t apply to it.

AI-generated — May contain errors. Not legal advice. Always verify source.

Official Source

View on CA.gov

§ 18650 Exemptions For Commissioner Approval

This chapter does not apply to any of the following transactions: (a) An acquisition of control of a California industrial loan company that requires the approval of the commissioner under Section 18138. (b) A sale or merger that requires the approval of the commissioner under Division 1.5 (commencing with Section 4800). (Added by Stats. 1995, Ch. 479, Sec. 6. Effective October 2, 1995.)

Last verified: January 23, 2026

Key Terms

acquisition of control California industrial loan company sale or merger approval of the commissioner

References

Official text at leginfo.legislature.ca.gov
California Legislature. Financial Code. Section 18650.

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Key Takeaways

Example

Key Terms

Related Statutes

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